AI

Attribution and Persuasion: The Paradox of Interpretable AI

This paper studies how AI persuades a decision-maker who must attribute the AI's conflicting recommendation to one of two sources of disagreement: attention differences, where the AI detects features the decision-maker missed, and comprehension …

Hierarchical AI Multi-Agent Fundamental Investing: Evidence from China’s A‑Share Market

We present a multi-agent, AI-driven framework for fundamental investing that integrates macro indicators, industry-level and firm-specific information to construct optimized equity portfolios. The architecture comprises: (i) a Macro agent that …